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See the best of Reuters photography. See more | Photo caption Life in Ecuador A look at life in the South American country of Ecuador. Slideshow The last Southern barbecues There are only 10 to 15 BBQ pits throughout the American South still using the old-time fire coal pit method. Slideshow At the Salo end of Nokia's deep crisis Tweet Share this Email Print Related News Microsoft brings phone software closer to Windows Wed, Jun 20 2012 Analysis: Nokia job cuts may hasten, not stop, death spiral Fri, Jun 15 2012 Nokia cuts 10,000 more jobs as losses deepen Fri, Jun 15 2012 Nokia fights back with cheap touchscreen phones Wed, Jun 6 2012 Nokia hits back at Google in latest patent war tussle Fri, Jun 1 2012 Analysis & Opinion Nokia retains the power to shock Related Topics Tech » Media » United Nations » Nokia CEO Stephen Elop looks on during the company's news conference in Espoo, June 14, 2012. Credit: Reuters/Kimmo Mantyla/Lehtikuva By Eero Vassinen SALO, Finland | Fri Jun 22, 2012 8:37am EDT SALO, Finland (Reuters) - Nokia workers in Salo thought chief executive Stephen Elop signaled that their plant, Europe's last major mobile phone factory, would survive when he visited in February, but last week he announced its closure anyway. This final chapter in Nokia's long goodbye to manufacturing in Finland will claim about 850 jobs, on top of 1,000 announced earlier in the year, and rob the town of 90 percent of its tax revenue. Once the world's dominant mobile phone provider, Nokia has been bested in a smartphone war by Apple and Samsung and other phones running Google software. It is also losing share in the market for more basic phones. Its strategy to reverse its fortunes, abandoning its own Symbian smartphone software in favor of a largely untested alternative from Microsoft, Elop's former employer, has limped from setback to setback. Sales of Nokia's new Windows Phone models, the Lumia series, have been slow to pick up, while the bottom has fallen out of the market for old phones running dead-end Symbian. As recently as this week, Microsoft revealed that a new version of its software won't run on the existing Lumia range, and a Wall Street analyst said the software giant was looking at making its own phones in direct competition with its new partner. Over two years, workers at Nokia have become familiar with bad news, but are still not inured to it. "During my whole time, 15 years and 10 months with Nokia, someone was always saying Nokia will abandon Finland. But it was still a surprise," said Katja Taskinen, who took a buyout offer in an earlier round of cuts this year. Rivals have long been focused in Asia, and analysts had said Nokia should do the same, but the workers believed they had been made an exception. "We were promised continuity," said Anne Malm, head shop steward of the Salo plant, which was set up in the 1970s and often held up as a model for other Nokia factories around the world. "Salo is where it all began. Salo has been the benchmark. If there were troubles at other factories, Salo has been the place from where teams were sent to extinguish those fires." PROMISES, PROMISES Some are hoping for government intervention. "The government promised us that they'll use all the instruments available to help us," said Antti Rantakokko, Salo's mayor. Jukka Roos, a local member of the Social Democratic Party and former lawmaker, said the government should not allow the country's flagship technology company to make such drastic cuts. "The government and unions should react and put pressure on Nokia," he said. "What the hell are they doing?" At its peak, Nokia accounted for around 4 percent of Finnish GDP and supported an eco-system of suppliers and technology start-ups in an economy previously focused on forestry and metalworks. Now it accounts for less than 1 percent, according to analysts. Its problems have had a knock-on effect on Finnish electronics companies, including Elcoteq, which filed for bankruptcy last October after Nokia turned to cheaper Asian suppliers. In Salo, local unemployment is around 11 percent, already above the national average of 8 percent, and the city expects it to spike to around 20 percent once the Nokia jobs go. The government has said it will accelerate an existing program in which it plans around 300 million euros in capital spending and tax breaks for research and development during its term, which ends in 2015. But beyond that, there was little Prime Minister Jyrki Katainen could promise when he visited Salo on Wednesday. He had cancelled a trip to a United Nations conference in Brazil to visit Salo and Oulu, another town affected by Nokia lay-offs. "I completely understand the outcry," he said. "But we also have to keep in mind that Nokia brought us enormous wealth in the past." He rejected suggestions that the state should buy Nokia shares, which have fallen over 50 percent since the start of the year. While the state holds stakes in companies considered crucial to its national interests, including forest and chemical companies, and is a majority shareholder in airline Finnair and energy company Fortum, owning shares doesn't help beat global competition. While Finland is one of a dwindling band of triple-A rated countries in the euro zone, its exports have been declining, with old industries like forestry also struggling to compete with lower-cost rivals. Its current account slipped into the red last year, and the central bank expects the deficit to continue through at least 2014, by which time analysts say Nokia could be short on cash if it continues to burn through reserves at the current rate. While analysts have begun to think the unthinkable, Finns find it hard to contemplate the loss of a company that has become integral to national pride. Harri Niinisto, coincidentally a cousin of Finnish President Sauli Niinisto, also a Salo native, remains hopeful, though he took a redundancy package from Nokia this year and set up his own consulting firm. "At the moment, we can't see what will end up happening," said Niinisto. "Still, I want to keep believing in Nokia." (Writing by Ritsuko Ando; Editing by Will Waterman) Tech Media United Nations Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) scythe wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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